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| Want to know the trades that may make you money next week? Here's your playbook to tackle the Street: Is Citigroup getting cheap? What beaten down stocks could be worth a look? Is there any hope for mortgage related stocks? | |||
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 | Trade School--Avoid The Pits: Pete Najarian reveals how to trade commodities like the pros without buying contracts in the pits Click here for the Fast Money Trade School Lesson of the week. | ||
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Is it a buy or a sell? Next week, the Fast Money Five tell you how to read the street’s biggest events so your fast money stays fast Tuesday: Earnings Before: DKS, KR Earnings After: JCG, TTWO Eco: Trade Balance Other: Chevron Analyst Meeting, Applied Materials Shareholder Meeting, Altria Investors Meeting, CAT Analyst Day, Bank of America Consumer Conf Begins, AT&T speaks at Bear Conf. Wednesday: Earnings Before: AEO Earnings After: None Eco: Mortgage Applications, Oil Inventories Other: COP Analyst Meeting, WWY Shareholders Meeting Thursday: Earnings Before: None Earnings After: None Eco: Import Prices, Retail Sales, Jobless Claims Other: FDA Panel Meeting on Anemia Drugs for Cancer Patients (AMGN, JNJ) (Huckman says documents may post Tuesday) Friday: Earnings Before: LIZ, ANN Earnings After: None Eco: CPI, Mich. Confidence Other: DD Investor Day, DNA Analyst Day | ||
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 | The Fast Money five takes a look at the week's biggest market movers. | ||
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Daily Alerts | Trades you won't find on TV | Fast Money Podcasts Want to go Face 2 Face with the Fast Money Five? Email the fast money team at |
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 | While the pundits debate weather we are in a recession, another debate could be just around the corner: have we entered a bear market? There is some compelling evidence to support the argument that indeed we have. The Dow is flirting with historical bear market declines, with the index just 4% away from being down 20%, the benchmark for bear market territory. Perhaps more importantly, the 150 moving average has turned negative too, a technically bearish sign. Even grimmer was today's jobs report, which for the first time offered concrete evidence that the credit crunch, which has been ground zero for the turmoil at the financials, has started to affect job creation. But there has been some good news too, and excluding the battered financials, the corporate picture has not been that bad. Earlier this week, tech giant Cisco offered some very positive comments about its business, and that came just weeks after IBM offered similarly upbeat remarks. The calendar next week will be relatively quiet, but as we saw this week, that vacuum of news can often lead to perilous trading. A smidgen of earnings results will emerge when homebuilder Hovnanian reports on Monday, and the economic calendar will be quiet too. However, there will a number of conferences that could generate some headlines, including investor meetings from Altria, Chevron, Bank of America, and AT&T. But ultimately, news out of the credit markets will determine the tone and tenor for trading next week. News of Ambac's recapitalization plan, a much-anticipated event on Wall Street was not well received, and where we go from here is anyone's guess. One thing is almost certain to ring true next week: volatility will continue, and an open market, especially a volatile one, is a market in which you CAN make money. So let's try to do that all next week. . If you have questions about The Final Trade or suggestions for Fast Money, please send an email to FastMoney@cnbc.com | ||
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